AN ACT CONCERNING THE SET-ASIDE PROGRAM AND THE PERCENTAGE OF CONTRACTS RESERVED FOR MINORITY BUSINESS ENTERPRISES.

SUMMARY:

By law, state agencies and political subdivisions, other than municipalities, must set aside 25% of the total value of all contracts they let for construction, goods, and services each year for exclusive bidding by certified small contractors.
The agencies must further reserve 25% of the set-aside value (6.
25% of the total) for exclusive bidding by certified minority business enterprises (MBE), which are small contractors owned by women, minorities, or people with disabilities.

This bill requires that half of the set-aside value for MBEs (3.
125% of the total value of all contracts) be specifically reserved for MBEs that are owned by members of a minority.
The other half of the MBE set-aside is open to all MBEs.